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Category: Financial

As much as there are countries that are blessed to prosper, there are also countries that are considered as third world countries. These countries are those countries who are not that blessed when it comes to economic advancement. These are the countries that have little resources and have minimal abilities in coming up with regards to financial stability. This is the reason why there are philanthropists in our society today.

Philanthropy plays a significant role in our society today. Sometimes Philanthropy is compared to charity, or mistakenly people think it belongs to the same umbrella. Generosity is different from charity because it does not focus on the suffering people experiences but instead focuses on how to eradicate the social problems which cause these sufferings. Most of the known and active philanthropists today are also known in the business world, an example of this is Mr. George Soros.

Born on August 12, 1930, Mr. George Soros is a known business tycoon and philanthropist. He was born in Budapest and considered to be one of the survivors during the Germany Hungarian occupation. In the year 1947, he immigrated to England and finished a degree in Philosophy at the London School of Economics and further finished his master’s degree in the same study. He started to work in the banking industry and later on having to invest in hedge funds, one of his hedge funds was used to start his own fund management business, the Soros Fund Management.

Mr. George Soros also wrote about his views on politics and economics. He talks about markets (economic and financial) and theories revolving around it. Aside from his interests in economics, he also is active in his foundation, the Open Society Foundations.

Mr. George Soros’ success was not just all because of his popular name in the financial industry, but it is also because of his philanthropic works in the Open Society Foundations. Mr. George Soro’s philanthropic interest started in the year 1979, wherein he granted scholarships to Africans in South Africa during the time of apartheid, and from this, he then continued philanthropic works and funding.

The Open Society Foundations he founded is known to be an organization of partnerships and projects for philanthropic purposes. Karl Popper’s philosophy inspired the foundation’s name. The basis revolves around Soros’ belief that a society can only progress if there are democracy, freedom, and respect for every individual. During the year 2017, in December, Soros had gained $8 Billion from his $18 Billion donations to The Open society Foundations.

In an interview with Soros, he said that his financial market success paved the way for his independence. The independence he had earned had given him more opportunities to form his destiny seeing the world is more just, fair, decent and open. Soros’ legacy in the philanthropic world has inspired more people because he had proved his commitment in not fighting the suffering people experience but rather finding solutions to eliminate the significant social problems which contribute to the suffering people feel.